Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10). Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.4) including. Strengths include potentially strong support from affiliation with Allegany Co-op & Conemaugh Valley Group.
Other Rating Factors:
Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (31.6%), farmowners (30.3%), homeowners (29.7%), fire (6.6%), other (1.8%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (61.5%), common stock (18.1%), other (20.3%)
Corporate Info
Group Affiliation
Allegany Co-op & Conemaugh Valley Group
Investment Rating
--
Company Address
9 North Branch Road
Cuba, NY 14727
Cuba, NY 14727
Phone Number
(585) 968-1000
NAIC Number
16985
Website
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